302 Austin AveBarringtonNJ08007
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Barrington at 302 Austin Ave, Barrington, NJ, 08007 with 5% annual appreciation on a $435,000 basis while $3,124/mo rent supports operations. Total monthly income totals $3,124/mo and a $2,129/mo payment preserves $24/mo for cash returns. Annual cash flow comes to $282/yr on $144,203 deployed, and return on cash invested reaches 20.1% in year one. Equity gained on principal adds $2,807/yr, and five-year appreciation sums $120,182 alongside rental yield of 8.62%. Five-year ROI measures 105.14% and total cumulative return in cash totals $151,608.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,124/mo property income versus a $2,129/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1930
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08007, Barrington, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,620 (100%) |
| Owner Occupied HU | 1,399 (53.4%) |
| Renter Occupied HU | 1,061 (40.5%) |
| Vacant Housing Units | 160 ( 6.1%) |
| Median Home Value | $294,851 |
| Average Home Value | $341,224 |
Housing Distribution
Address Breakdown
Residential
2,359
Single Family
1,737
Multi-Family
622
Businesses
176
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Listed by: Cristin Holloway • EXP Realty, LLC
Mls Name: Bright MLS
Mls ID: #NJCD2107460